Cisco shakes off negative pressure - Analysis - 30-05-2023

Cisco Systems' stock (CISCO) surged in the intraday levels, shaking off negative pressure from the 50-day SMA, and marking a strong profit  of 1.69% in the last session, or 83 cents, and settling at 49.86, amid the dominance of the upward correctional short-term trend. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 52.56, provided it settles above the support of 47.65. 

Expected trend for today: Bullish